Treasury and Risk Suite
Treasury Payments
Minimize the risk of financial fraud with a centrally controlled system that supports automated and manual payments.
Reduce bank fees by 30%.
Treasury and Risk Suite
Minimize the risk of financial fraud with a centrally controlled system that supports automated and manual payments.
Reduce bank fees by 30%.
Improve Productivity by 30%. Automatic initiation and workflow management for Treasury Payments. More
98% Payments Executed on Time. Initiate & approve payments across all banks & payment methods. More
Save 30% on Payments. Rail optionality via Instant payments, ACH, Same-day ACH, domestic and international wires. Leverage local rails for international transfers. More
Faster and Secure Payments. Process AP payments securely and efficiently while ensuring workflow controls are in place. More
90% Errors Automatically Detected. AI and rule-based anomaly detection and sanctions screening. More
Quicker Approvals. Review and approve urgent payment requests on the go. More
PRODUCT
VALUE
Treasury payment solutions are tools that simplify and automate an organization’s payment processes, ensuring accuracy and compliance. These solutions centralize workflows, enabling businesses to process multiple payment types across currencies efficiently while maintaining transparency in transactions.
By integrating treasury and payment solutions, companies can manage outgoing payments, improve cash flow visibility, reduce transaction costs, and ensure compliance with regulations. It also helps reduce the risks associated with currency fluctuations or payment delays. This solution offers a holistic approach to managing a company’s cash, payments, and financial risks.
Treasury Payments software enhances business efficiency by automating payment processes, streamlining workflows, and providing real-time visibility into cash positions. This reduces manual error and cuts down processing time in payments, helping businesses optimize their financial operations.
By centralizing payment management and integrating with other financial systems, the software ensures compliance, reduces fraud risk, and enables accurate financial reporting. Businesses can efficiently manage multiple payment methods, currencies, and bank accounts, leading to improved decision-making and cost savings.
Choosing the right treasury payment system requires evaluating your company’s payment needs and integration capabilities. Look for software that offers automation, real-time visibility, and seamless integration with existing ERP and banking systems to streamline cash management.
Consider features such as multi-currency support, fraud prevention, compliance management, and ease of use. It’s important to assess the scalability of the solution, ensuring it can grow with your business, and check if it offers robust customer support and customizable reporting options to meet your treasury goals effectively.
The key features of Treasury Payments solutions include automated payment workflows, real-time payment tracking, multi-currency support, and integration with ERP systems. These features allow for secure, accurate, and timely payment processing across various financial channels and regions.
Additionally, the solution offers fraud detection, robust compliance checks, and audit trails, which improve payment security. Treasury teams can access dynamic dashboards to monitor payments, ensuring real-time visibility, and streamline their financial operations with ease.
Finance professionals in the treasury payments process face challenges like ensuring payment accuracy, meeting compliance requirements, and managing fraud risks. Processing multiple payment types and currencies adds complexity, often requiring manual effort, which increases errors and delays.
Other challenges include a lack of visibility into real-time cash flows, inefficient approval workflows, and difficulty integrating payment systems with ERPs. These issues hinder decision-making and liquidity optimization. Additionally, global operations demand compliance with various regulatory standards, making it challenging to maintain consistent, secure, and efficient payment processes.
The platform offers customizable workflows to match organizational policies, ensuring every payment goes through the required checks and approvals:
The system provides a real-time Bank Cut-off Time Monitor, giving visibility into payment deadlines for different banks and methods. Treasury professionals can prioritize payments based on urgency and avoid delays or penalties.
The platform optimizes payments across multiple channels and methods to balance speed, cost, and efficiency:
The platform leverages local payment rails instead of SWIFT for cross-border payments, significantly cutting fees. Treasury can lock in real-time FX rates every 90 seconds, avoiding higher rates offered by banks.
The solution offers multiple integration options:
The system offers a template-based payments feature that enables treasury teams to establish recurring payments through predefined templates. This automation drastically decreases the need for manual data entry and enhances transaction accuracy for items such as lease payments, interest settlements, and recurring supplier payments.
The system includes role-based access controls and specific features for sensitive payments:
The solution provides comprehensive international payment capabilities:
Implementation timelines vary based on your specific requirements, but the system is designed for efficient deployment through:
Risk management features include:
